Subject: File No. 4-606
From: Connie S Walenta

August 24, 2010

The newly instigated reform is very vague as interpretation of what Fiduciary Standard would be.
the current Suitability standard that we are highly regulated on is in my opinion a very good safegaurd and adequate to determine a customers needs and application of their particular plans and goals.No matter a persons intent markets don't perform as they have in the past and to look back is always without risk. When serving a client no one has the ability to know the future and being held to a Fiduciary Standard that looks back is unrealistic.
This is not only bad for me as a Registered Representative but it will not be good for the country in any financial aspect.